Moxy launches token sale, esports platform

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Moxy launches token sale, esports platform

By Benson Toti - min read
Updated 21 July 2023
  • Moxy announced the public sale on Wednesday that its native token MOXY was now available in a public sale.
  • The company also officially launched its Moxy esports platform and Battle of the Influencers competition.

Moxy, a leading blockchain-based esports company, has officially launched its token sale. The team has also announced that its esports platform and the highly anticipated Battle of the Influencers contest is live.

The Moxy team revealed the historic triple launch in a press release shared with CoinJournal on Wednesday.

Moxy launches public sale of native token

MOXY is the native asset of the Moxy ecosystem and is now available to the public in a token sale. According to Moxy, the total supply will be 1.5 billion MOXY tokens. About 17.5% of the total supply was set aside for the token sale, which includes a private sale, club sale, and public sale.

The token’s public sale stage will see esports fans, crypto enthusiasts, and the general investor community have a chance to acquire from a pool of 11 million tokens. The public sale price has been set at a starting $0.06, according to details on the platform’s tokenomics page.

As for its utility, MOXY will power a global gaming ecosystem. Holders get access to Moxy’s on-demand esports platform, where they can participate in numerous gaming contests for payouts in the native token.

Tournaments such as the Battle of the Influencers, an esports challenge for top internet influencers, will be available to the community. Participants will not only be able to battle each other in a blockchain-powered gaming environment but also compete for a chance to earn MOXY tokens.

Moxy recently partnered with service providers to increase the token’s visibility. The esports platform also inked a deal with British video game developer Stainless Games in a collaboration that saw it add the shooter game Shock Rods to its catalog.